How To Start and Maintain a Budget

Front

What is the FIRST step in creating a budget according to the passage?

Back

Figure out how much money you have coming in and where you are spending it.

Front

What is the main purpose of creating a budget?

Back

To manage your money wisely.

Front

According to the passage, what should you do if you want to buy something?

Back

Check your budget first.

Front

Which of these is an example of income mentioned in the passage? School supplies, Birthday gifts, Snacks, Toys

Back

Birthday gifts

Front

What should you do if your allowance increases?

Back

Consider adjusting your budget.

Front

Why is it important to leave room in your budget for unexpected expenses?

Back

To be prepared for surprises.

Front

What should you do if you need help with budgeting?

Back

Ask a trusted adult for advice.

Front

What is the effect of following a budget regularly?

Back

Reaching your financial goals.

Front

When should you review your budget?

Back

Regularly

Front

What happens if you can't afford something you want to buy?

Back

Wait and save up.